International Financial Reporting Standards (IFRS) provides for various methods for accounting for investments in other entities.  Other entities which are not consolidated may be classified as an “associate” per International Accounting Standard (IAS) 20, or a “joint arrangement” per IFRS 11, or an “investment entity” per IFRS 10.  In addition, IFRS 10 provides guidance for entities that are consolidated.  This course explores when it is appropriate to apply each of the accounting methods for investments in other entities, and the resulting financial statement implications.

Learning Objectives
  • Explore the equity method for accounting for associates that are “significantly influenced” by the reporting entity per International Accounting Standard (IAS) 20.  
  • Discover the proper treatment of joint ventures and joint operations per International Financial Reporting Standard (IFRS) 11. 
  • Recognize when an entity qualifies as an investment entity per IFRS 10, which precludes consolidation by the parent entity. 
  • Discover the principles of consolidation per IFRS 10.
Last updated/reviewed: March 27, 2024

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesInternational Financial Reporting Standards (IFRS) Certification

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures
3 Reviews (30 ratings)


Member's Profile
Course seems to be overwhelming and paced. Examples would assist in assimilating the concepts easier but it might be hard to squeeze in 1 hour CPE

Anonymous Author
Good content to obtain an overview of the underlying topic. This instructor also has a similar course - both courses compliment each other.

Member's Profile
A reasonably good course with informative material well-suited for the purpose.

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Accounting for Investments in Other Entities, Including Consolidation, under IFRS1:35
  Associates And The Equity Method - Overview3:29
  Equity Method - Accounting Considerations7:08
  Equity Method - Reporting Considerations and Forthcoming Requirements3:16
  Joint Arrangements3:47
  Investment Entity Consolidation Exception3:37
  Consolidation Overview and Power to Direct Model7:40
  Noncontrolling Interest3:59
  Derecognition Special Considerations, Reporting Special Considerations, and Conclusion3:45
  Accounting for Investments in Other Entities, Including Consolidation, under IFRS 38:16
  Slides: Accounting for Investments in Other Entities, Including Consolidation, under IFRSPDF
  Accounting for Investments in Other Entities, Including Consolidation, under IFRS Glossary/IndexPDF